Cybercriminals Let out Bitcoin-Mining Malware – Threat Encyclopedia – Trend Micro USA

Bitcoins have bot around since 2008 but have only began gaining attention te September 2011. This enhancing public attention did not go unnoticed by cybercriminals who have began letting out Bitcoin-mining malware. The term “Bitcoin-mining malware” is used to refer to malware that cybercriminals use to install Bitcoin miners ter users’ systems. Thesis permit cybercriminals to utilize systems’ computing resources for their own build up.

What is a Bitcoin and how is it created?

Bitcoin is a form of electronic currency that uses peer-to-peer (P2P) networks to track and verify transactions. The Bitcoin system does not make use of financial institutions so no central authority is necessary to control this currency. Bitcoins can be used to pay for various online services like Web hosting, mobile app development, and cloud verkeersopstopping storage. They can also be used to pay for products like games, music, bounty cards, and books. Bitcoin use is not limited to online transactions, spil some real-world establishments accept Bitcoins spil payment for various goods. Thesis can also be traded for traditional currency via sites that offerande most international currencies ter exchange.

Bitcoins are generated or “mined” after processing a so-called “block” of gegevens. A Bitcoin block is a cryptographic problem one’s system solves with the aid of excellent computing power.

How do Bitcoin miners get into users’ system?

Most Bitcoin-mining malware arrive via malicious downloads or through social media. Exploitation of system and/or application vulnerabilities may also lead to infection.

What happens to Bitcoin-mining-infected systems?

Bitcoin-mining malware primarily aim to force systems to generate Bitcoins for cybercriminals’ use.

How do Bitcoin-mining malware infections affect users?

The Bitcoin mining process licks up a system’s computing power. Spil such, infected systems sustain enhanced wear and rip from processing Bitcoin blocks. Infected systems work abnormally slow. Even however Bitcoin-mining malware do not show up to target specific individuals, cybercriminals may choose to infect systems with very capable graphic processing units (GPUs) or movie cards, spil thesis process Bitcoins quicker. Spil such, gamers and other users of graphics-intensive applications may be especially favored targets.

What drives the proliferation of Bitcoin-mining malware?

Cybercriminals always attempt to find fresh ways to monetize their malicious activities. Bitcoin generation permits them to do just that. Infecting others’ systems with Bitcoin-mining malware permits cybercriminals to make money without exerting spil much effort. The fact that Bitcoin is leisurely being recognized spil a legitimate currency and that it has real-world value seems to be spurring greater cybercriminal rente.

What makes Bitcoin-mining malware attacks noteworthy?

Among the Bitcoin-mining-related malware wij have seen so far, WORM_OTORUN.ASH is particularly noteworthy. The inclusion of Bitcoin-mining code may mean that cybercriminals are considering making Bitcoin mining a regular payload.

Do Trend Micro products protect users from Bitcoin-mining malware?

Yes, Trend Micro products protect users from the malware mentioned ter this article. Backed by the Trend Micro™ Clever Protection Network™ infrastructure, Web reputation technology blocks users access to all of the related malicious URLs. Opstopping reputation technology, meantime, detects and deletes all known malware associated with involuntary Bitcoin mining.

What can users do to prevent Bitcoin-mining malware from infecting their systems?

Safe computing habits can help prevent system infection and involuntary Bitcoin mining:

  • Do not download and install applications from unknown sites.
  • Be wary of clicking shortened linksaf on Twitter or any other webpagina, regardless of source. URL shortening makes it difficult for a user to gauge a link’s legitimacy.
  • Unexpected unexplained system slowdown may indicate Bitcoin mining. Check it for clues of Bitcoin-mining malware infection like an unexplained increase te processing power usage.
  • Invest te a security solution that can detect and prevent Bitcoin-mining malware from infecting your system.

“Cybercriminals will proceed to find ways to monetize their malicious activities. Bitcoin-mining malware attacks are just another means for them to do so. Bitcoin mining may have earned cybercriminal attention due to the fact that it represents a onmiddellijk source of income.” —Roland Dela Paz, Trend Micro threat response engineer

“In the early part of September, a Bitcoin wasgoed worth more than US$8. Should the value of Bitcoins rise, the number of Bitcoin-mining malware will also increase.” —Karl Dominguez, Trend Micro threat response engineer

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